markh, call it what you like about MLX, posturing or otherwise. Only bush lawyers on here. You are right, lawyers will earn money and only one will win.
again TAM have taken the right course, they really need to tell SH's of the downside if MLX case gets up and of course the chance of MLX case getting up. SH's don't want to vote blindly, on face value the NST deal out trumps MLX, TAM SH's need to know of any potential downside. What most SH's don't want is thinking they voted for the best deal and later down the track find that damages if MLX wins the case makes the NST deal unfavourable. At the end of the day there is a lot of emotion attached to this, most will likely vote in NST favour anyway, but the BOD at TAM are not stupid and they will not want to be exposed to any SH angst or action if MLX case gets up. Whats for sure is BOD will lay the facts on table and ensure they personally wont be exposed or at least their personal wealth wont be exposed if SH revolt down the track. The BOD of TAM will get two pieces of advice;
1. How to communicate both deals.
2. Do not give any form of advice or indicate that one deal is better than the other, just in case MLX case is successful
Watch the theatrics and the avoidance of any form of comment on either NST or MLX. Its not just the case its what could happen to the directors following the vote if this sours. fun times ahead.
NST Price at posting:
$2.29 Sentiment: None Disclosure: Not Held
TAM Price at posting:
3.2¢ Sentiment: None Disclosure: Not Held
MLX Price at posting:
$1.30 Sentiment: None Disclosure: Held
(20min delay)
